Palantir still relies heavily on government contracts despite push for more corporate customers
Palantir, the controversial analytics and data mining firm, still relies heavily on its US government contracts for revenue despite its public statements that it was branching out into more corporate clients, according to screenshots of the company’s S-1 filing acquired by TechCrunch. The financials, which the New York Times also has viewed, show Palantir has not once turned a profit since its founding in 2003.
Add to that the news it’s moving out of Silicon Valley because of “increasing intolerance and monoculture,” and you end up with a picture of a company that doesn’t have a lot of growth potential. It’s now clear Palantir is dependent on the current administration in Washington to maintain its existing revenue streams.